COMPANY PRESENTATION AND SOCIAL RESPONSIBILITY REPORT 2020
ALVA-YHTIÖT OY 11.8.2021 1 VISION We are building the future of water, energy and resource efficiency services
– for our customers, employees and partners.
ALVA-YHTIÖT OY 11.8.2021 2 Electricity Heat Water y
Easy everyday life Right temperature Fresh and pure year round
ALVA-YHTIÖT OY 11.8.2021 3 Our organisation
Customers
Customer accounts Networks Energy production Group services
CEO Tuomo Kantola
Board of Directors, Chair Jari Blom
ALVA-YHTIÖT OY 11.8.2021 4 Company ownership structure
City of Jyväskylä
100% 44.7% KS Energiavälitys Oy Alva-yhtiöt Oy Heat, electricity and water 33.3% C-Ella Oy
100% 100% 81.4%* 100% 100% 12.5% Suomen Hyötytuuli Oy
Alva Alva Rauhalahti Jyväskylän Alva Hulevesi Oy Alva Viitasaari Oy Sähköverkko Oy Voima Oy Oy 20.3% Väre Energia Oy
Subsidiaries Other holdings *Direct ownership 79.74%
ALVA-YHTIÖT OY 11.8.2021 5 Alva throughout its history
The streets of Jyväskylä In May, it is decided that Väre are lit by electric street Energia Oy, a joint venture for lights, 19 October 1902. electricity sales and services, will be established together with A district heating Kuopion Energia, Savon Voima accumulator is and Lappeenrannan Energia. District heat completed. JE Group Inauguration of Jyväskylän The PISARA production with acquires all the Keljonlahti Voima’s concept is Electricity generation begins wood chips shares in power plant. investment in coal launched. with wood at the Lutakko begins. Jyväskylän equipment is electricity plant. Biogas combustion Energiantuotanto completed. Jyväskylä Energy acquires Wiitasseudun to produce heat Oy. Energia Oy. begins.
1902 1960 1995 1997 1992003 2006 2009 2010 2012 2013 2015 2016 2017 2018 2019 2020
Water business Jyväskylä JE-Urakointi’s The IED JE Hulevesi Oy is Jyväskylän New names for Jyväskylän (Jyväskylän Vesi) is Jyväskylä City Council Energy business investment in established on 18 Energia Oy the subsidiaries: Energiantuotanto Oy merged into JE establishes municipal becomes a operations are Rauhalahti is September 2017. becomes Alva- Alva Viitasaari is established. Group. electricity works on 23 April limited liability sold to JyNet completed. yhtiöt Oy on 23 Oy, Alva 1902. company. Urakointi. October 2019. Rauhalahti Oy, Alva Hulevesi Oy JE-Siirto Oy and Jyväskylän Voima Oy are established.
ALVA-YHTIÖT OY 11.8.2021 6 EMPLOYEES
ALVA-YHTIÖT OY 11.8.2021 7 We take care of your basic needs. We ensure that water comes from your tap, electricity from your wall socket and your toes stay warm. Every single day.
ALVA-YHTIÖT OY 11.8.2021 8 WE EMPLOY Our entire chain carries out some 1,000 person-years, every year.
Cooperation with us provides tens of millions of euros for Finnish companies, such as transport and machine 240 contractors. SPECIALISTS
ALVA-YHTIÖT OY 11.8.2021 9 EMPLOYEES Employees by group company
Employees by company Change in the number of employees
300 450 250 400 ALRAI
200 350 ALVI 300 150 250 JVO 100 200 JEU 50 150 0 Alva SV Alva 100 Alva JVO JYT WSE Total SV 50 Alva Women 56 2 0 0 1 59 0 Men 153 20 2 0 6 181
• All JE-Urakointi (JEU) employees transferred to JyNet Urakointi Oy in an acquisition on 1 March 2012. • At the beginning of 2015, operating employees of JVO and JYT transferred to Jyväskylän Energia. • Eight employees from Wiitaseudun Energia transferred to Jyväskylän Energia Group on 1 December 2018. • Alva SV = Alva Sähköverkko, ALRAI = Alva Rauhalahti, ALVI = Alva Viitasaari ALVA-YHTIÖT OY 11.8.2021 10 FINANCES
ALVA-YHTIÖT OY 11.8.2021 11 Turnover of group companies in 2020 (€ million)
127.8 Alva-yhtiöt Oy
53.8 Jyväskylän Voima Oy 23.6 22.6 Alva Alva Rauhalahti Sähköverkko Oy Oy 3.2 3.5 Alva Hulevesi Alva Viitasaari Oy Oy
ALVA-YHTIÖT OY 11.8.2021 12 Group’s turnover and result in 2010–2020
250 210,3 202,7 195 193,9 200 185 183,4 186,4 190.6 167 163,4 152,3 150
100
50
0
-50 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Turnover (€ million) Profit before appropriations and taxes (€ million)
ALVA-YHTIÖT OY 11.8.2021 13 NETWORKS Electricity, heat, water
ALVA-YHTIÖT OY 11.8.2021 14 NETWORKS Electricity network
Alva Sähköverkko Oy, a company wholly owned by Alva, is responsible for the electricity network in the city of Jyväskylä. It designs, builds, maintains and operates the electricity network, connects customers to it and carries out electricity measurements. Alva Sähköverkko maintains a network of 1,364 kilometres in total. In 2020, some 641 GWh of electricity was transmitted to more than 10,300 connections. On a national scale, Alva Sähköverkko is among the electricity network companies with the lowest rates. More information: alva.fi/sahkoverkko
ALVA-YHTIÖT OY 11.8.2021 15 NETWORKS Heat network
Alva generates district heating at power plants, from where it is transmitted to customers via a heat network. The same network can also be used for district cooling. Alva’s heat network is in a good condition, which has also helped to keep the prices of district heating reasonable. Prices have not increased between 2015 and 2020. Maintaining the heat network is important, as many homes and workplaces in Jyväskylä are heated using district heating. Heat generated in Jyväskylä is also transmitted to most Jyväskylä-based schools, daycare centres, hospitals and health centres. Alva is also responsible for the district heating network in Viitasaari. Alva’s district heating network totals 487 kilometres in the Jyväskylä region and 39 kilometres in Viitasaari.
ALVA-YHTIÖT OY 11.8.2021 16 NETWORKS Water supply network
Our obligation and responsibility is to distribute clean, safe and analysed tap water to our customers via a well-functioning supply network. In 2020, investments in water supply networks and water production totalled €12.7 million. These investments were funded by operating income. In 2020, significant investments in water supply included the modernisation of Viitaniemi water treatment plant and the modernisation of water supply systems in Nisula and Lohikoski. We maintain 873 kilometres of water supply networks in the Jyväskylä region and 95 kilometres in Viitasaari.
ALVA-YHTIÖT OY 11.8.2021 17 PRODUCTION
ALVA-YHTIÖT OY 11.8.2021 18 Our annual production (2020)
1.1 0.5 8.9 Mm3 of water TWh of heat Twh of electricity
ALVA-YHTIÖT OY 11.8.2021 19 ENERGY PRODUCTION Heat and electricity
ALVA-YHTIÖT OY 11.8.2021 20 Our ecological energy production
• Keljonlahti and Rauhalahti, our two power plants, • As a result of our holdings in Suomen Hyötytuuli Oy, are combined heat and power plants. Combined the use of wind power in our electricity production production saves one third of fuel compared with has increased significantly in recent years. separate production. • We can provide our heating customers with green • We also produce heat and power from biogas at our heat, produced wholly using renewable and micro-CHP plant. emission-free energy sources. Our green heat is certified by Kiwa. • We are aiming to be carbon neutral by 2030 and therefore constantly increasing the use of biofuels • The reuse of ash is already high – nearly 100% of (mostly wood) and using less and less peat. We are ash generated at our plants is already being reused. also investigating many new ways of producing energy without burning. • In Viitasaari (WSE) the fuels used in district heating production are 99 % wood. • We are also investing in energy savings by developing solutions to use waste heat and to balance the consumption of heat.
ALVA-YHTIÖT OY 11.8.2021 21 ENERGY PRODUCTION Keljonlahti power plant
• Main fuels: peat and wood • Coal and oil as auxiliary fuels when necessary • Two operating principles:
• combined heat and power production (CHP)
• condensing power production • Boiler power: 495 MW • Electric output in condensing power production: 215 MW • Electric output in combined production: 163 MW • District heating output: 260 MW • Year of commissioning: 2010
ALVA-YHTIÖT OY 11.8.2021 22 ENERGY PRODUCTION Rauhalahti power plant
• Main fuels: peat and wood • Oil as an auxiliary fuel when necessary • Operating principle: combined heat and power production (CHP) • Electric output: 85 MW • District heating output: 200 MW • New flue gas scrubber and electric filter installed in 2015 • Year of commissioning: 1986
ALVA-YHTIÖT OY 11.8.2021 23 ENERGY PRODUCTION (VIITASAARI) Kokkila heat plant
• Main fuels: wood • Wood used as fuel is bought from the local wood industry and forest entrepeneurs • Boiler power: 16 MW • Annual production approx. 55.000 MWh
ALVA-YHTIÖT OY 11.8.2021 24 Energy production / fuels 2020
0,8 % % Wood 0,1 % % 0,4 % % 58,5 %
In 2020 the Peat share of biofuels 40,2 % was 58.9 % of all 40,2 % % Coal the used fuels. 58,5 % % 0,1 %
Oil 0,8 %
Biogas 0,4 %
In Alva Viitasaari’s heat production fuels are 99 % biofuels (wood).
ALVA-YHTIÖT OY 11.8.2021 25 WATER PRODUCTION
ALVA-YHTIÖT OY 11.8.2021 26 WATER PRODUCTION Safe high-quality water
We make sure that everyone living in the area covered by our water supply network has access to clean high-quality water. The quality of the tap water we produce is monitored constantly. In addition to quality control carried out in our laboratory, the health authority monitors the quality of water regularly. The quality of water is not only monitored at water treatment plants, but water samples are regularly taken from different parts of the network.
ALVA-YHTIÖT OY 11.8.2021 27 WATER PRODUCTION Tap water produced at several plants
Our most important tap water production plants are: • Viitaniemi surface water treatment plant • Vuontee artificial groundwater recharge plant in Laukaa • Janakka–Kaivovesi water supply plant in Vaajakoski We also produce water at Vihtakangas (Korpilahti), Liinalampi and Köntyslampi (Tikkakoski), Pekonniemi (Keljonkangas) and Vesanka groundwater intake plants, and in Viitasaari at Kokkolanniemi and Luukkaanniemi groundwater intake plants.
ALVA-YHTIÖT OY 11.8.2021 28 SOCIAL RESPONSIBILITY
Our ecological, social and financial responsibilities steer our operations. Our goal is to operate in line with the principles of sustainable development, addressing our relationship with nation, people and life as a whole.
ALVA-YHTIÖT OY 11.8.2021 29 ECOLOGICAL RESPONSIBILITY
ALVA-YHTIÖT OY 11.8.2021 30 ECOLOGICAL RESPONSIBILITY Carbon neutral by 2030
Our aim is to produce carbon neutral energy by 2030. Therefore we:
• Make our power plants more efficient
• Develop and offer sustainable heating solutions, such as
• hybrid solutions that combine both district and geothermal heating
• our green heat -product, produced wholly using renewable and emission-free energy sources (regional wood fuels and biogas from Mustankorkea)
• Investigate many new ways of producing energy without burning
• Increase the use of biofuels and use less and less peat
More information (in Finnish): Hiilineutraaliksi 2030
ALVA-YHTIÖT OY 11.8.2021 31 ECOLOGICAL RESPONSIBILITY Carbon footprint calculation
Our Group has started carbon footprinting the entire Group’s operations. The calculation for 2020 has not yet been completed. Although our carbon footprint is mostly made up of energy production, we also want to consider our other emission sources transparently in the calculation. Recognising the overall climate impact of our operations takes us closer to carbon neutrality both in production and other operations. We will provide more information about our carbon footprinting as it progresses.
ALVA-YHTIÖT OY 11.8.2021 32 ECOLOGICAL RESPONSIBILITY Certified environmental system
Our group’s environmental responsibilities are fulfilled in compliance with the certified ISO 14001 environmental management system. Our environmental policy is guided by the principles approved by Alva’s Board of Directors: • We aim to reduce and prevent the adverse environmental impact of our operations. • We aim to promote the sensible use of energy and water resources. • In line with the principles of sustainable development, our energy sourcing is primarily based on regional renewable fuels and the combined production of power and heat.
ALVA-YHTIÖT OY 11.8.2021 33 ECOLOGICAL RESPONSIBILITY Wastewater treatment while respecting nature
Wastewater treatment is an integral part of water supply. Our responsibility is to ensure that the wasterwater we receive from our customers is conducted to wastewater treatment plants. We also monitor the quality of the wastewater.
Jyväskylän Seudun Puhdistamo Oy, a limited company owned by the City of Jyväskylä and the municipalities of Laukaa and Muurame, is responsible for wastewater treatment processes in Jyväskylä area. Our wastewater treatment plants are located in Nenäinniemi and Korpilahti. In Viitasaari WSE (Wiitaseudun Energia) takes care of the wastewater in Mustasuo wastewater treatment plant.
The treatment plants serve to ensure that water can be safely recirculated, while respecting nature and in line with the principles of sustainable development.
ALVA-YHTIÖT OY 11.8.2021 34 Our specific emissions are declining, and our carbon neutrality target will reduce them even further in the years to SPECIFIC EMISSIONS 2020 come. The benefit-sharing method* has been used in the calculation of the specific emission factor.
*The benefit sharing method refers to the sharing of the fuels of and emissions from combined electricity and heat 132.2 production in proportion to the fuel consumption of alternative production methods. As alternatives, CO2 g / produced district heating energy kWh condensing power production is used for electricity and boiler heat for heat. When the benefit-sharing method is used, the benefits of combined electricity and heat Our specific emissions have decreased production are shared equally between the two products. as much as 24.5% from 2019. (Source: Motiva.)
ALVA-YHTIÖT OY 11.8.2021 35 ENERGY PRODUCTION Emissions: Sulphur dioxide, nitrogen oxides, particulates
SO2 = Sulphur dioxide
NOX = Nitrogen oxides
2500
2000
1500
1000 The Rauhalahti flue gas scrubber 500 has significantly reduced sulphur dioxide and particulate emissions 0 since 2016. 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
SO₂ (t/a) NOₓ (t/a) Particulates (t/a) Production (GWh/a)
ALVA-YHTIÖT OY 11.8.2021 36 ENERGY PRODUCTION Emissions: Carbon dioxide CO2
1,000
1200
1000
800
600
400 CO2 emissions from fossil fuels, such 200 as peat, coal and oil, have decreased, while the amount of wood fuels at 0 power plants has increased. 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
CO (1,000 t/a) CO2₂ (t/a)
ALVA-YHTIÖT OY 11.8.2021 37 ECOLOGICAL RESPONSIBILITY Ecological responsibility: key figures
2020 2019 2018 2017 2016 2015 2014 2013 2012 * The amount of green heat Share of green heat from electricity sold (%) 5.16 4.33 3.96 3.94 1.25 * * * * was not reported at the time.
** Electricity sales Share of green electricity from electricity sold (%) ** ** 48.0 44.8 36.5 32.7 32.0 2.3 4.5 transferred to Väre on 1 January 2019. Network losses, electricity (%) 2.18 2.28 2.15 2.08 2.2 2.4 2.5 2.7 2.7
Network losses, district heating (%) 8.9 6.5 8.0 8.4 8.3 7.9 8.6 7.1 8.4
Make-up water in district heating (m3) 19,422 10,500 9,990 9,292 11,110 6,690 9,960 3,673 10,311
Consumption of pumping electricity, district heating (MWh) 9,067 9,608 7,946 7,442 7,378 7,221 8,531 8,395 9,057
Wastewater leaks to waterways/soil (m3) 171 390 280 657 1,442 543 248 874 2,995 Wastewater leaks to waterways/soil (percentage of wastewater) 0.001% 0.003% 0.002% 0.005% 0.011% 0.004% 0.002% 0.006% 0.023%
Repaired leaks in water mains (quantity) 23 27 31 37 29 25 31 42 26
Share of biofuels from all fuels (%) 58.9 47.8 49.3 53.8 51.9 51.7 50.9 44.8 40.5
ALVA-YHTIÖT OY 11.8.2021 38 SOCIAL RESPONSIBILITY
ALVA-YHTIÖT OY 11.8.2021 39 SOCIAL RESPONSIBILITY When employees feel well, the company feels well
• We take care of the occupational safety and health of our employees. • We encourage our employees to develop their professional skills and provide them with opportunities for development. • We want to build an open working community and an innovative work culture, where everyone values their own work and that of others. • Equality and non-discrimination are basic values for us. • The development of wellbeing at work and employee experiences is an integral part of our personnel strategy.
ALVA-YHTIÖT OY 11.8.2021 40 SOCIAL RESPONSIBILITY Smoother living for every customer
We work hard every day to ensure that our networks and services operate to the maximum and our customers can enjoy their everyday life. Furthermore, we ensure that any interruptions due to improvements and repairs cause the minimum of inconvenience for our customers. Similarly, we aim to solve different disturbances as quickly as possible. Using up-to-date fault notifications, customers obtain information about planned interruptions in their area beforehand and about any disturbances via email or text messages. More information (in Finnish): alva.fi/asiakaspalvelu We are also constantly developing our services to meet our customers’ needs and wishes.
ALVA-YHTIÖT OY 11.8.2021 41 SOCIAL RESPONSIBILITY Annual support
We provide various support every year. We select the recipients of our support so that they are in line with our goals and values. We have supported, for example, the following through different projects and parties: • low-income families • the elderly, children and young people • nature conservation projects • sports clubs and teams • culture
ALVA-YHTIÖT OY 11.8.2021 42 SOCIAL RESPONSIBILITY Social responsibility: key figures
2020 2019 2018 2017 2016 2015 2014 * Occupational accidents that have caused at least one day of incapacity Personnel to the group’s own employees
Average number of employees 240 239 257 254 261 261 249 ** The number of occupational accidents per million hours worked of which those on fixed-term contracts 16 18 23 25 31 28 24 1) SAIDI = total average interruption Average age of employees 45 45 45 45 44.4 43.9 44 duration, h/customer 2) SAIFI = average number of Sick leave rate (%) 3.3 2.7 3 1 1.6 1.8 2.2 interruptions per customer Number of occupational accidents * 4 2 4 2 0 4 4
Lost time injury frequency (LTIF) ** 9.8 5.0 9.8 4.5 0 9.5 9.8
Customers Electricity transmission, SAIDI 1) (h/customer) 0.036 0.21 0.08 0.05 0.14 0.06 0.25 Electricity transmission, SAIFI 2) (quantity/customer) 0.158 0.73 0.39 0.24 0.39 0.23 0.58 Interruption time experienced by the customer: district heating (h) 2.4 2.3 2.1 1.58 1.12 1.44 1.08
Disruptions in water supply (h/customer) 0.17 0.38 0.36 0.14 0.35 0.23 0.08 Associations/recipients of support
Support for associations (€ million) 0.02 0.02 0.02 0.023 0.02 0.012 0.008
ALVA-YHTIÖT OY 11.8.2021 43 FINANCIAL RESPONSIBILITY
ALVA-YHTIÖT OY 11.8.2021 44 FINANCIAL RESPONSIBILITY Development and more efficiency
• We are working constantly to improve the efficiency of all our operations. • We are developing new competitive energy and water solutions that help our customers to improve the efficiency of their operations and that also materialise through savings. • Our pricing is based, for example, on general price levels and any restrictions and requirements set by laws and our owner. • Our operations produce value for different stakeholders, including our customers and our owner, the City of Jyväskylä.
ALVA-YHTIÖT OY 11.8.2021 45 FINANCIAL RESPONSIBILITY Sales trend
€ million 250 Other sales
200 Sales of water (water + wastewater + urban runoff) Transmission of electricity 150 Wholesale of electricity *
Retail of electricity ** 100 Sales of district heating
50
* Since 2012, JE Group’s own electricity production has been sold to the power exchange. 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 ** The retail of electricity transferred to Väre in 2019.
ALVA-YHTIÖT OY 11.8.2021 46 FINANCIAL RESPONSIBILITY Financial responsibility: key figures 2020 2019 2018 2017 2016 2015 2014 2013 2012 Turnover (€ million) 152.3 163.4 210.3 190.6 193.9 186.4 183.4 195 202.7 Operating profit (€ million) 12.8 20.2 26.8 31.8 36.4 17.7 8.7 6.2 16.3 Income tax (€ million) 0 1.26 0.74 2.11 3.19 0 1.03 0 0.07 Dividends (€ million) 4.0 4.0 4.0 4.0 1.6 0 0 0 0 The owner’s interest expenses (€ million) 8.9 8.9 8.9 8.9 9.1 12.9 13.1 16.5 16.5 Investments (€ million) 23.4 28.2 32.2 27.6 26.1 28.2 29.9 37.9 32.6 Return on equity (%) -1.4 3.3 7.7 10.3 15.3 neg neg neg neg Equity ratio (%) 21.7 22.7 22.4 22.1 20.0 17.0 6.5 8.4 1.1 Wages and salaries 1) (€ million) 13.9 14.1 13.9 14.1 13.8 13.7 13.3 13.1 12.7 Purchases from suppliers (€ million) 97.8 101 136 107 105 119 138 139 140
1) The wage and salary costs include capitalised wages and salaries
ALVA-YHTIÖT OY 11.8.2021 47 2020 Positive and negative aspects
ALVA-YHTIÖT OY 11.8.2021 48 Alva Group’s ups in 2020
• The development and research of more sustainable • Extensive cooperation between water supply plants took methods of energy production continued throughout the place during the year to acquire cost-efficient main water year. Achieving carbon neutrality requires new solutions for meters that comply with requirements for the customers of more ecological energy production (read more on page 31). Alva and the other plants involved in the cooperation. The project is ongoing. • Our specific emissions are declining and have decreased by as much as 24.5% since 2019 (read more on page 35). • Alva’s control room service was piloted with Kirkkonummen Vesi. The control room service will be developed across • The development of new services that improve the resource municipal boundaries together with customers. efficiency of energy and water consumption also continued. Examples of resource efficiency services we offer nationally • The price of Alva’s district heating has not risen for more include remote water reading and energy optimisation. than six years, nor were there any increases in water prices in 2020. • The development and implementation of hybrid solutions that improve our ecological performance continued. A major • Alva Sähköverkko is still one of the most affordable hybrid solution was implemented at the commercial electricity network companies in Finland. Our prices are the property of Volvo Truck Centre in Jyväskylä. The solution lowest in the country for residents of apartment buildings, combines the best aspects of district and geothermal and detached houses, industry and business also get to heating. (Learn more from the customer story on our enjoy our low transmission prices. (Source: Energy Authority website.) price statistics, see our website for more information)
ALVA-YHTIÖT OY 11.8.2021 49 Alva Group’s downs in 2020
• The Group made a loss of EUR 1.86 million. In terms of • The legal dispute between Alva-yhtiöt Oy and Jyväskylän operating result, the year was satisfactory, but non-recurring Voima Oy, its majority-owned group company, and certain items of approx. EUR 6 million weighed on the overall result. minority shareholders continued. One of Jyväskylä Voima Oy’s shareholders filed for bankruptcy, and thus part of the • Compared to the previous financial period, the result costs of Jyväskylän Voima, which operates under the decreased by EUR 6.2 million and the operating profit by Mankala principle, has no payer. The bankrupt shareholder’s EUR 7.5 million The result was weakened by the rising operations will be continued by the bankruptcy estate, but so prices of wood fuel and emission allowances, for example. far it has not been able to pay the bankrupt company’s share The price of emission allowances was high throughout the of the costs to Jyväskylän Voima. year and the high price level also reduced subsidy revenues for forest fuel to zero.
• Due to the coronavirus pandemic, the sales by new service operations became more difficult and face-to-face meetings were largely replaced by remote meetings.
ALVA-YHTIÖT OY 11.8.2021 50 Research and development in 2020
• The SER ProCom project was launched in co-operation with • As a member of a business consortium, Alva participated in Tapojärvi Oy and Elker Oy. The project aims to update Jyväskylä University’s KITA project (Research platform for process engineering plans and technical and economic the circular economy: towards self-sufficiency in raw analyses so that, upon completion of the project, it will be materials through the circular economy), in which Jyväskylä possible to make an investment decision on the University’s expertise in and analytics related to the establishment of a pre-commercial recovery plant. (Read recovery of critical elements from waste material were more: Gold mine of recycling.) developed.
• The development of Pisara, service operations for water • Furthermore, Alva participated in the “Hiilimetsätalous” supply, continued. In the Finnish market, investments (Carbon forestry) project launched by VTT Technical focused on the Digiaalto (Digital wave) project, in which Research Centre of Finland. The project’s key goal is to subsidies granted by the Centre for Economic Development, identify the impact of carbon forestry on forest operators and Transport and the Environment of Central Finland are the business opportunities offered by carbon sequestering in allocated to digitise network data of smaller water supply Central Finland. plants. The Digiaalto project will end at the end of 2022. • Alva’s own ash project investigated the potential and • The development of the Smart Water Cycle concept, barriers to the utilisation of ash fractions generated by power designed for international markets, continued with Uros Oy plants. Particular interest was paid to the concentrations of and subcontractors. To support concept development, harmful substances in ashes and their generation Business Finland granted a product development loan. mechanisms, as they could potentially prevent the large- scale use of ashes in earthworks, for example.
ALVA-YHTIÖT OY 11.8.2021 51 ALVA-YHTIÖT OY 11.8.2021 52